Section 1312. Actions or special proceedings by unauthorized foreign corporations  


Latest version.
  • (a) A  foreign  corporation  doing  business  in  this  state  without
      authority  shall  not  maintain any action or special proceeding in this
      state unless and until  such  corporation  has  been  authorized  to  do
      business  in  this state and it has paid to the state all fees and taxes
      imposed under the tax law or any related statute, as defined in  section
      eighteen  hundred of such law, as well as penalties and interest charges
      related thereto, accrued against the corporation. This prohibition shall
      apply to any successor in interest of such foreign corporation.
        (b) The failure of a foreign corporation to  obtain  authority  to  do
      business  in this state shall not impair the validity of any contract or
      act of the foreign corporation or the right of any other  party  to  the
      contract to maintain any action or special proceeding thereon, and shall
      not prevent the foreign corporation from defending any action or special
      proceeding in this state.